The Ausclad Group, an Australian-based integrated multi-disciplinary engineering services provider in the oil and gas and mining related industries today announced that it has entered into a sales and purchase agreement with Seagate Structural Engineering Pty Ltd (SSE) to acquire the total issued capital.
This acquisition will make Ausclad’s engineering division less reliant on subcontracting, the company said. Following the acquisition, SSE will become an Ausclad subsidiary and be incorporated into Ausclad’s engineering division, said Ausclad managing director Kenny Stuart..
“The additional fabrication facility is important to help us raise our efficiency and our throughput and to support our commitment to oil & gas industry in Australia, including a commitment to increase local content and skills improvement,” Stuart said.
“The substantial investment in resource infrastructure will continue to fuel the heavy demand for fabrication facilities for at least the next two years.”
Ausclad reccently won a $24 million contract at the Cliff Head oil project in Western Australia.
Established in 1972, SSE is a niche industrial fabricator in Western Australia. It owns a fabrication facility located within 100 m of AGC’s Kwinana’s workshop Sited on a freehold land with an area totaling 24,000 sq metres, the fabrication operation occupies an area of approximately 18,000 sq metres.
Boosting the efficiency of this fabrication facility is a steel clad workshop totaling 5,400 sq m containing 6 x 10 tonne overhead cranes. Other assets included in the acquisition comprise a range of fabrication equipment together with various support vehicles including forklifts, trucks and mobile cranes with tonnages of 20 and 50 tonnes.
